Thinking about buying but wondering if now’s the right time? You’re not alone—and if Adelaide’s property market performs anything like it has over the past five years, waiting might cost more than you think.
According to REA Group’s latest market forecast, if South Australia repeats its recent growth trends, Adelaide’s median house price could soar from $907,000 to over $1.46 million by 2030—a 60% increase, without even factoring in market curveballs. Unit prices could also climb from $613,000 to around $938,000 if they continue on their current 64% growth trajectory.
That kind of growth would see Adelaide houses ranked as the third-most expensive in the country, and Adelaide units second only to Brisbane.
While nothing is set in stone, REA Group’s Senior Economist Angus Moore suggests ongoing growth is likely, especially if interest rate cuts increase borrowing power later this year.
